Deferring Financial Aid at BYU-Idaho: What You Need to Know
Understanding Enrollment Deferment and Financial Aid
Deferring enrollment at BYU-Idaho can significantly impact your financial aid. It's crucial to understand that:
- Enrollment deferment doesn't automatically defer your federal student loans
- Deferring a semester you've already started is considered awithdrawal for financial aid purposes
- You may be required to repay some funds if you withdraw
How withdrawing affects your financial aid
Long-Term Deferment and Your Loans
If deferring for more than 6 months:
- Contact your loan servicer to avoid loan default
- Your loan servicer can be found on your studentaid.gov account
- or call 1-800-557-7394
- Discuss loan options with your servicer:
- Loan deferment
- Income-driven repayment plans
Missionary Deferments: Special Considerations
For students deferring with admissions for a mission:
- BYU-Idaho Scholarships will be deferred until your return
- Federal student loans are not automatically deferred
- Students/parents must arrange this before the mission start date
- Contact your loan servicer, as shown above, for guidance
How Deferment Affects Different Types of Aid
Student Loans
- Accepted but undisbursed funds will be canceled
- Repayment starts after six consecutive months taking less than 6 credits
- Complete student loan exit counseling
PLUS Loans
- Accepted but undisbursed funds will be canceled
- Repayment begins after 60 consecutive days out of school
- Parents should contact their loan servicer with questions
Pell Grants
- Canceled for the deferred semester
- May be partially eligible if returning in the same academic year
- Must complete a new FAFSA for subsequent years
BYU-Idaho Scholarships
- Canceled for deferred semester(s), except for mission deferrals
- Reapply with new BYU-Idaho Scholarship application for a new academic year
Non-BYU-Idaho Scholarships
- Canceled and returned to the awarding agency
- Students must contact the agency directly about deferring scholarships
Need Help?
- For BYU-Idaho Scholarship questions: email scholarships@byui.edu
- For loan deferment questions: Contact your loan servicer
- For general deferment information: Contact the BYU-Idaho Admissions Office
Remember: Always communicate with relevant offices and your loan servicer when considering enrollment deferment to protect your financial aid status and avoid loan default.